Is Now the Right Time for Your Business to Buy Real Estate?
In reality, the perfect time to buy commercial real estate doesn't exist. And when you consider the bigger picture, not all signs point to doomsday. read more >
In reality, the perfect time to buy commercial real estate doesn't exist. And when you consider the bigger picture, not all signs point to doomsday. read more >
"It is likely that restoring price stability will require holding (interest rates) at a restrictive level for some time," Powell said. "History cautions strongly against prematurely loosening policy." read more >
Employers posted 10.3 million job vacancies in October, down from 10.7 million in September. read more >
Last quarter's rise in the U.S. gross domestic product — the economy's total output of goods and services — followed two straight quarters of contraction. read more >
Last year around this time, I identified a few business news items with implications for 2022. And with 2023 on the horizon, it’s time to do it again — and check on a couple of last year’s forecasts. read more >
The four-week moving average of claims, which smooths out week-to-week volatility, rose by 5,500 to 226,750. read more >
A year ago the average rate was 3.1%. read more >
James Bullard, who leads the Federal Reserve Bank of St. Louis, said the Fed's key short-term interest rate "has not yet reached a level that could be justified as sufficiently restrictive." read more >
The number was lower than economists had expected. read more >
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate rose to 7.08% from 6.95% last week. A year ago the average rate was 2.98%. read more >
The Fed's move boosted its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank's sixth rate hike this year — a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession. read more >
In another sign the labor market remains tight and employers unwilling to let workers go, layoffs dropped in September to 1.3 million, fewest since April. read more >
Fed officials have warned that the unemployment rate will likely have to rise as part of their fight against rising prices, and the most recent government jobs report likely snuffed out any hope that the Fed would pause rate increases when it meets in next week. read more >
Economists noted that the third-quarter gain in GDP could be traced entirely to the surge in exports, which added 2.7 percentage points to the economy's expansion. read more >
The last time the average rate was above 7% was April 2002, a time when the U.S. was still reeling from the Sept. 11 terrorist attacks. read more >
The OCC stipulated in its approval that U.S. Bank must find ways to quickly and easily sell off parts its business in cases of severe economic distress. read more >
Consumer prices, excluding volatile food and energy costs, jumped 6.6% in September from a year ago — the fastest such pace in four decades. read more >
The key 30-year rate climbed to 6.92% from 6.66% last week. Last year at this time, the rate was 3.05%. read more >
It's good news for the Federal Reserve in its efforts to bring down high prices without plunging the economy into a recession. read more >
Nine central banks accounting for half the global economy have lifted their key interest rate by 1.25 percentage points in the past six months. read more >
